Gold and Silver Jewellery exports rise sharply in India during Aug '14

NEW DELHI (Scrap Monster): The silver jewellery exports from India surged by 84.80% year-on-year to touch $234.82 Million (Rs. 1,430.08 crores) during the month of August this year while its gold jewellery exports too rose by 10.44% year-on-year to $634.46 Million (Rs 3,863.85 crores), in accordance with the latest data released by the Gems and Jewellery Export Promotion Council (GJEPC).

According to GJEPC, country's cut and polished diamond exports in August this year touched $ 1,920.05 Million, down 21.55% over the previous year. The country’s export of Coloured Gemstones declined sharply by 49.57% from $60.51 Million in August 2013 to $31.67 Million in August 2014. The exports of Pearls too tumbled to $0.12 Million from $0.56 Million a year ago. The exports of Synthetic stones witnessed sharp fall from $0.30 Million in Aug ‘13 to $0.12 million in Aug ‘14.

India's Gold Medallions & Coins export dropped considerably during the month of August this year. The August ’14 exports totaled $0.51 Million as against the exports of $43.67 Million during the same month a year ago. The exports of Rough diamonds too declined during the month to $115.73 Million.

The figures released by the country’s Export Promotion Council indicate robust growth in exports of Gold and Silver Jewellery, whereas a sharp decline in exports of Gemstones, Pearls, Gold Medallions and Coins during the month of August this year.